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BUSINESS
May 25, 2013 | By Chris O'Brien
Maybe instead of Apple stock, we should all be buying old Apple computers. On Saturday, a working Apple-1 home computer set a record, selling for $671,400 at the Breker auction house in Germany, according to the New York Times. That eclipsed the record of $640,000 for an Apple-1 set last November by the same auction house.   PHOTOS: Top smartphones of 2013 The Apple-1 sold Saturday was hand-assembled by Steve Wozniak in 1976 and is one of just a few of units that still exist.
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BUSINESS
May 7, 2013 | By Chris O'Brien
Just months after leading a shareholder revolt against Apple, hedge fund manager David Einhorn revealed on Tuesday that he's been buying more stock in the company.  In a conference call with investors of Greenlight Capital, Einhorn confirmed that the firm had increased its stake in Apple, though he did not reveal by how much, according to Reuters. Einhorn called Apple's plan to issue $17 billion in bonds to increase its dividend and stock buyback plans to $100 million a "major step forward.
BUSINESS
April 30, 2013 | By Salvador Rodriguez
It was 20 years ago today that the World Wide Web was opened to all, setting off one of the biggest transformations in technology and altering the way we communicate. To celebrate the occasion, the creator has brought the world's first website back to life. Tim Berners-Lee , a British computer scientist, launched the world's first website in the early 1990s. The site only included text and instructions on how to use the World Wide Web, an Internet network that was designed for universities to share research.
BUSINESS
April 29, 2013 | By Chris O'Brien
This post has been updated. Back in December, while I was writing a story about the extraordinary volatility of Apple's stock, one trader used the term "Apple slingshot" to describe the ups and downs of its shares.  Basically, the idea is that the stock experiences such wild fluctuations for such a huge stock. Each time it dipped to a new low over the past several years, it then rocketed back even further to a new all-time high. Like pulling back on a slingshot and then releasing it.  PHOTOS: The top smartphones of 2013 It just takes a strong stomach to hold on.  With the stock on a strong run the past week, I wonder: Are we seeing the latest Apple slingshot?
BUSINESS
April 18, 2013 | By Chris O'Brien
Investors hammered Apple's stock Thursday, sending shares down 2.81% in midday trading. This was the second day of pummeling for Apple's stock, as investors' nerves appeared increasingly rattled in the countdown to the company's earnings report scheduled for Tuesday.  Story: Apple takes investors on a wild ride The stock was down $11.33 to $391.47 on Thursday.  On Wednesday, investors drove the stock down...
BUSINESS
April 17, 2013 | By Chris O'Brien
Apple's stock sank 5.6% in midday trading on Wednesday following a report from a key supplier that indicated sales could be slowing. On Tuesday, Cirrus Logic, which supplies audio chips for iPhones and iPads, said sales of one of its chips was slipping . That led investors and some analysts to infer that Apple sales were also sliding, spooking shareholders one week before the company is scheduled to report earnings.   TIMELINE: Following Apple in 2012 Apple's stock fell 5.6% or $23.89 to $402.35 just after 12:30 p.m. EDT. Apple stock has not closed below $400 since late 2011.
BUSINESS
March 5, 2013 | By Chris O'Brien, Los Angeles Times
What is ailing Apple? There seems to be no simple answer as to why the tech giant's stock took another beating Monday, dragging the company's market value below $400 billion for the first time since January 2012. It was the fourth straight day of decline, leaving Apple Inc. shares 40% below their high in September, when the stock was valued at more than $656 billion. The carnage has left analysts and investors trying to guess whether there is a bottom in sight, and whether the company might have an announcement or new product in the pipeline that might ignite a rally.
BUSINESS
February 21, 2013 | By Salvador Rodriguez
A 3-D printing pen posted on Kickstarter has raised more than $1 million on the crowd-funding site after just a few days. After being posted Tuesday, 3Doodler, as the project is called, quickly shattered its goal of raising $30,000, and is now just shy of hitting the $1.2-million mark. The creators of 3Doodler claim that the project is the world's first 3-D printing pen. In a video pitching the project, the two show the device in action, creating small toys and bits of art, including an ostrich figurine.
BUSINESS
February 21, 2013 | By Salvador Rodriguez
A hiring freeze at Foxconn, Apple's biggest supplier, has caused the Cupertino tech giant's stock price to drop since Wednesday, when news of the freeze broke. According to both the Financial Times and Bloomberg , Foxconn won't hire any more employees until the end of March. But there's some confusion as to why that is. Citing unnamed sources, the Financial Times report says a drop in demand for the iPhone 5 is behind the hiring freeze. QUIZ: Test your Apple knowledge "Foxconn's demand for workers this year was as low as that in 2009," a source in the report said.
BUSINESS
January 28, 2013 | By Chris O'Brien
After getting pounded last week, Apple's stock got a reprieve from investors on Monday, rising $9.95, or 2.3%, to $449.83.  But how long that will last remains to be seen. Analysts continue to lower their target for Apple's stock price, which has fallen dramatically since it peaked at $702.10 last September.  QUIZ: Test your Apple knowledge Back on Sept. 19, when the stock reached the closing high, a consensus of 63 analysts on Bloomberg had a target price of $ 777.67 for the next 12 months.
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